New On The Block

Sangamo Therapeutics, Inc. (NASDAQ:SGMO), a genomic medicine company, announced that after extensive consideration of its pipeline and financial resources, it has retained Raymond James as its financial advisor to help evaluate a full range of strategic alternatives. The goal is to "advance its promising pipeline" and maximize value for all stakeholders, the company said in a press release.

Zooz Strategy (NASDAQ:ZOOZ) is also exploring strategic alternatives that could potentially complement its existing bitcoin treasury strategy and enhance long-term shareholder value. The review may include potential business combinations, acquisitions, strategic investments, operating businesses, partnerships, joint ventures, capital markets initiatives, and other corporate transactions.

Updates From The Block

Arcline Investment Management, a growth-oriented private equity firm, has agreed to acquire the holding company of Continental Aerospace Technologies, Inc. for approximately $535 million. Continental designs and manufactures piston aircraft engines and provides aftermarket products and services for general aviation. "The Company's technical capabilities, large installed base, and reputation for reliability fit naturally alongside our aerospace and defense systems and subsystems strategy. We look forward to partnering with Continental's management team and employees to support continued investment in the business and accelerate its next chapter of growth," Arcline commented.

Total Safety Supplies & Solutions, Inc., a distributor of industrial maintenance, repair, and operations products, has agreed to be acquired by Mill Point Capital LLC. "This transaction will allow the remaining Total Safety business to increase our focus on providing quality safety and compliance services to our customers," said Brad Clark, CEO of Total Safety. The transaction is expected to close later this year, subject to regulatory approvals and other customary conditions.

Carlyle Group (NYSE:CG) has bought South Korean home and healthcare appliance rental platform Chung Ho Group for $700 million. The transaction was motivated by a large inheritance tax burden and a lack of an heir prepared to manage the company, Bloomberg reported. The deal is expected to close in the third quarter of 2026, subject to regulatory approval.

Cadogan Tate, a high-value storage and logistics company, has acquired Fully Loaded Deliveries (FLD), an Arizona-based operator specializing in luxury moving, storage, and design installation. Financial terms were not disclosed. The acquisition extends Cadogan Tate's U.S. network into the Southwest, combining a founder-built business with the resources of a global premium residential services group. FLD will continue to operate under its existing brand and team as part of the Cadogan Tate Group.

Second Nature Brands has agreed to acquire Tillamook Country Smoker from Insignia Capital Group. The transaction is expected to close in the coming months, subject to customary conditions. Terms were not disclosed.

Liberty Waste Solutions, a provider of integrated waste and recycling solutions in North Carolina, has acquired Bill's Trash Services, a residential waste collector serving the greater Fayetteville market and Harnett County, N.C. Financial terms remain undisclosed.

Off The Block

Chiesi Group has completed its acquisition of KalVista Pharmaceuticals, bringing the biotech company into its rare diseases business unit. Chiesi acquired KalVista through a tender offer of $27 per share in cash, securing about 77.8% of KalVista's outstanding shares that were validly tendered.

Bankruptcy Block

GoHealth, Inc. (NASDAQ:GOCO), a health insurance marketplace and Medicare-focused digital health company, has filed for Chapter 11 bankruptcy. The plan will transition ownership of the company to certain GoHealth lenders, reinstate preferred equity, provide for payment in full of trade payables and other ordinary course obligations, and provide a cash payment to holders of GoHealth common equity, a press release stated. The company plans to continue operating normally during the process and expects to emerge before the start of the 2026 annual enrollment period.

Simad Holdings, the owner of 30 summer camps, has filed for Chapter 11 bankruptcy. The company lists liabilities of $500 million to $1 billion and 50,000 to 100,000 creditors. The camp's owners, David and Michael Shabsels, also filed for personal bankruptcy, along with the company's affiliates.

SiFi Networks has filed for Chapter 11 bankruptcy. The open-access fiber operator reported $1 million to $10 million in assets and between $10 million and $50 million in debts. SiFi Networks America is a specialized telecommunications infrastructure project management and deployment services provider in the U.S.

Sleep Number Corp. has agreed to merge with Sleep Country Canada through a court-supervised process after filing for Chapter 11 bankruptcy. The mattress maker has been struggling with demand and increased financial strain, Bloomberg reported.

Mexican restaurant chain On the Border Mexican Grill & Cantina has decided to close all of its locations, nearly one year after being taken over by Pappas Restaurants, Inc., a Houston hospitality group. The company had previously filed for Chapter 11 bankruptcy last year and secured funding from a Pappas affiliate.